The crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.

The Blockchain Association urges the House Ways and Means Committee to pass the Tax Clarity for Mining and Staking Act, which would defer taxes on mining

Crypto advocacy groups are urging Congress to pass a tax bill, saying the measure would provide clarity on mining and staking rewards.

The crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.

A bill that would make crypto mining and staking more attractive is a priority for industry leaders—and a growing concern for some Democrats.

U.S. crypto groups are urging Congress to pass H.R. 9175, which would let miners and stakers defer taxes until assets are sold instead of taxing rewards at receipt.

Crypto lobby groups have urged Congress to pass the Tax Clarity for Mining and Staking Act without further changes, as the industry pushes for crypto rewards to be taxed when…